Nike is one of six major brands to see a decline in teen spending, and the age group has an increased preference for streetwear labels like Vans and Supreme. In addition, teens spend more on food than clothing.
Shares of Snap Inc, owner of the Snapchat messaging app, had their busiest trading day in two and a half months in a volatile session on Monday, as early investors could sell their shares for the first time.
Quarterly results from Alphabet Inc and Facebook Inc provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans.
In March, the clothing brand launched an interactive, surf-themed game. Now Hollister has launched a second retro, 16-bit style game this time with a skateboarding theme to promote its jeans collection.
Snap Inc shares slipped below their initial public offering price of $17 for the first time on Monday, signaling waning investor confidence in the social media company's growth potential as it faces fierce competition.
Australian model and actress Miranda Kerr has handed over millions of dollars worth of jewelry that U.S. authorities say was given to her as part of a Malaysian money laundering scheme, her spokesperson said on Tuesday.